BlockBeats news, December 23, renowned trader CrypNuevo stated, "Before a broader market rebound, there has been a pullback, with a focus on the low near $90,000 in early December. Right now, I still believe we may retest those lows."
It's hard to imagine we would see a V-shaped rebound from here. I lean more towards a W formation, or completely filling the lower shadow. The ideal scenario is to completely fill the lower shadow, as $90,000 is a strong psychological barrier." (Cointelegraph)